Allen L.
What to tell lender when they ask for "Monthly Debt" figure?
Hi guys, I am looking to purchase a 3 flat in the city that I live as a live-in owner-investor. My only other rental property is in TX. If a lender ask me what my Monthly Debt figure is, what exactly are they looking ...
Christopher Winkler
What To Do With A 2nd Lien That's Unsecured In BKY
We purchased a 2nd lien, and by the time it was transfered, we passed the date to file as a secured creditor due to the prior servicers attitude of most will not make it through CH 13, and they are over 2 years into t...
Brandyn Whitacre
Pay off Debt or Start investing?
Me and my new wife are looking for some advice. Should we payoff all our debt or start investing in real estate? We both have good jobs with considerable pay for our area, we make roughly $100K - $110k anally (pretax)...
Jacob Hanson
Tenant screening: Debt-to-Income or Rent-to-Income?
It seems like it's most common to use a 33% rent-to-income ratio to screen tenants, but debt-to-income seems like a smarter way to screen tenants to me. A tenant may have a good RTI, while having a poor DTI. Isn't i...
Coty B Lunn
Deciphering DSCR Loans: A Comprehensive Guide
In the realm of finance, understanding the intricacies of various loan options is paramount for both borrowers and lenders alike. One such type of loan that plays a crucial role in commercial real estate financing is ...
Jack Casica
Financing 2nd House Hack while keeping first house hack as rental
TL;DR: My DTI is too high to qualify for another mortage. What are some options?
My goal this year is to get into a second house hack! BUT I would also like to retain the home I am currently living in as a rental. Th...
Rene Fernandez
Bank Reinstates Discharge Past Due Amount / Loan Modification
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
Jonny Morris
Understanding my debt to income numbers for HELOC appointment
BP – I would love your input on any of the following points (1, 2, 3, 4, 5)
I am excited to be at this stage but wonder if I am a little ahead of myself. I have scheduled a HELOC meeting with the bank as I would lik...
Jónas Tryggvi Stefánsson
CoCROI based on free or total cashflow?
When people (or you!) calculate the Cash on Cash Return On Investment (CoCROI) to compare the profitability of a real estate investment and compare that to other investment options, should it be based on the free cas...
Page Weil
How is DTI calculated and when am I safe to buy another door?
How do underwriters calculate DTI when I have several leased rental properties? This may seem like an obvious question, but my last experience is that there is more to it than [rent payments] - [PITI] - [1% repairs]I...